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**FORM        10-QSB**

|   | x      | Quarterly                  report under Section 13 or 15 (d) of the Securities Exchange Act                  of                  1934 |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|
|   |   | For                  the quarterly period ended June                  30, 2005                                                   |

|   | o      | Transition                  report under Section 13 or 15 (d) of the Exchange Act                                                                                              |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | For                  the transition period                  from                               to   |

**FLINT        RIVER BANCSHARES, INC.**

|   | **GEORGIA**                                      |   | **30-0205366**                       |   |
|--------|--------------------------------------------------|--------|--------------------------------------|--------|
|   | (State                  or Other Jurisdiction of |   | (I.R.S.                  Employer    |   |
|   | Incorporation                  or Organization)  |   | Identification                  No.) |   |

**260        Hwy 19, North **

**Camilla,        Georgia 31730**

**(229)        336-5666**

**Not        Applicable**

**APPLICABLE        ONLY TO CORPORATE ISSUERS**

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INDEX

| PART                  I:  FINANCIAL                  INFORMATION                                                                                                                     |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| ITEM                  1.  FINANCIAL                  STATEMENTS                                                                                                                      | PAGE   |
|                                                                                                                                                                                 |   |
| The                  following financial statements are provided for Flint River Bancshares,                  Inc.                                                                   |   |
|                                                                                                                                                                                 |   |
|  Consolidated                  Balance Sheets (unaudited) - June 30, 2005                  and December 31, 2004                                                                     | 2      |
|                                                                                                                                                                            |
|  Consolidated                  Statement of Loss (unaudited) - For the Three Months Ended June                  30, 2005                  and For the Six Months Ended June 30, 2005 | 3      |
|                                                                                                                                                                                 |   |
|  Consolidated                  Statement of Cash Flows (unaudited) - For the                  Six Months Ended June 30, 2005                                                         | 4      |
|                                                                                                                                                                                 |   |
|  Notes                  to Consolidated Financial Statements (unaudited)                                                                                                             | 5      |
|                                                                                                                                                                                 |   |
| ITEM                  2.   Management’s Discussion and Analysis                                                                                                      | 6      |
|                                                                                                                                                                                 |   |
| ITEM                  3.   Controls and Procedures                                                                                                                         | 8      |
|                                                                                                                                                                                 |   |
| PART                  II: OTHER                  INFORMATION                                                                                                                         |   |
|                                                                                                                                                                                 |   |
| Item                  1.     Legal                  Proceedings                                                                                                  | 9      |
|                                                                                                                                                                                 |   |
| Item                  2.     Unregistered                  Sales of Equity Securities and Use of Proceeds                                                             | 9      |
|                                                                                                                                                                                 |   |
| Item                  3.     Defaults                  Upon Senior Securities                                                                                    | 9      |
|                                                                                                                                                                                 |   |
| Item                  4.     Submission                  of Matters to a Vote of Security Holders                                                                     | 9      |
|                                                                                                                                                                                 |   |
| Item                  5.     Other                  Information                                                                                                       | 9      |
|                                                                                                                                                                                 |   |
| Item                  6.     Exhibits                                                                                                                                 | 9      |

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Table              of Contents

***FLINT                  RIVER BANCSHARES, INC. AND                  SUBSIDIARY***

**CONSOLIDATED                  BALANCE SHEETS**

**AS                  OF JUNE 30, 2005 AND DECEMBER 31, 2004**

**(**
**UNAUDITED)**

----

| **Assets**                                                                     |   | **June                      30, 2005** |       | **December                      31, 2004** |   |
|--------------------------------------------------------------------------------|--------|----------------------------------------|------------|--------------------------------------------|--------|
|                                                                           |   |                                   |       |                                       |   |   |   |
| Cash                      and due from banks                                   |   | $                                      | 644,909    |                                       | $      | 377,027 |   |
| Interest                      bearing deposits with banks                      |   |                                   | 24,216     |                                       |   | - |   |
| Federal                      funds sold                                        |   |                                   | 1,079,000  |                                       |   | 477,000 |   |
| Total                      cash and cash equivalents                           |   |                                   | 1,748,125  |                                       |   | 854,027 |   |
|                                                                           |   |                                   |       |                                       |   |   |   |
| Securities                      available for sale, at fair value              |   |                                   | 1,774,362  |                                       |   | 1,936,156 |   |
| Federal                      Reserve Bank stock, restricted, at cost           |   |                                   | 159,000    |                                       |   | 159,000 |   |
| Federal                      Home Loan Bank stock, restricted, at cost         |   |                                   | 64,200     |                                       |   | - |   |
|                                                                           |   |                                   |       |                                       |   |   |   |
| Loans,                      net of unearned income                             |   |                                   | 11,273,289 |                                       |   | 4,935,848 |   |
| Less                      - allowance for loan losses                          |   |                                   | (139,231   | )                                          |   | (47,342 | ) |
| Loans,                      net                                                |   |                                   | 11,134,058 |                                       |   | 4,888,506 |   |
|                                                                           |   |                                   |       |                                       |   |   |   |
| Bank                      premises and equipment, net                          |   |                                   | 1,516,372  |                                       |   | 1,506,183 |   |
| Accrued                      interest receivable                               |   |                                   | 146,477    |                                       |   | 65,262 |   |
| Other                      assets                                              |   |                                   | 107,805    |                                       |   | 115,429 |   |
| **Total                      Assets**                                          |   | $                                      | 16,650,399 |                                       | $      | 9,524,563 |   |
|                                                                           |   |                                   |       |                                       |   |   |   |
| **Liabilities                      and Shareholders' Equity**                  |   |                                   |       |                                       |   |   |   |
|                                                                           |   |                                   |       |                                       |   |   |   |
| Deposits:                                                                      |   |                                   |       |                                       |   |   |   |
| Non-interest                      bearing                                      |   | $                                      | 539,003    |                                       | $      | 296,829 |   |
| Interest                      bearing                                          |   |                                   | 10,215,043 |                                       |   | 3,845,390 |   |
| Total                      deposits                                            |   |                                   | 10,754,046 |                                       |   | 4,142,219 |   |
|                                                                           |   |                                   |       |                                       |   |   |   |
| Federal                      funds purchased and securities                    |   |                                   |       |                                       |   |   |   |
| sold                      under repurchase agreements                          |   |                                   | -          |                                       |   | - |   |
| FHLB                      Borrowing                                            |   |                                   | 1,000,000  |                                       |   | - |   |
| Accrued                      interest payable                                  |   |                                   | 14,609     |                                       |   | 3,030 |   |
| Accrued                      expenses and other liabilities                    |   |                                   | 2,306      |                                       |   | 146,945 |   |
| Total                      liabilities                                         |   |                                   | 11,770,961 |                                       |   | 4,292,194 |   |
|                                                                           |   |                                   |       |                                       |   |   |   |
| Shareholders'                      Equity:                                     |   |                                   |       |                                       |   |   |   |
| Common                      stock, $1 par value, authorized 10,000,000 shares, |   |                                   |       |                                       |   |   |   |
| issued                      and outstanding 632,237 shares                     |   |                                   | 632,237    |                                       |   | 632,237 |   |
| Paid-in                      capital surplus                                   |   |                                   | 5,645,133  |                                       |   | 5,645,133 |   |
| Deficit                      accumulated during development stage              |   |                                   | (365,022   | )                                          |   | (365,022 | ) |
| Accumulated                      deficit                                       |   |                                   | (1,009,016 | )                                          |   | (670,262 | ) |
| Accumulated                      other comprehensive loss                      |   |                                   | (23,894    | )                                          |   | (9,717 | ) |
| Total                      shareholders' equity                                |   |                                   | 4,879,438  |                                       |   | 5,232,369 |   |
| **Total                      Liabilities and Shareholders' Equity**            |   | $                                      | 16,650,399 |                                       | $      | 9,524,563 |   |

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Table            of Contents

***FLINT              RIVER BANCSHARES, INC. AND              SUBSIDIARY***

**CONSOLIDATED              STATEMENT OF LOSS**

**FOR              THE THREE MONTHS ENDED AND SIX MONTHS ENDED JUNE 30, 2005**

**(UNAUDITED)**

----

|                                                                    |   | **Three                    Months Ended** |     | **Six                    Months Ended** |   |
|-------------------------------------------------------------------------|--------|-------------------------------------------|----------|-----------------------------------------|--------|
|                                                                    |   | **June                    30, 2005**      |     | **June                    30, 2005**    |   |
| **Interest                    and Dividend Income:**                    |   |                                      |     |                                    |   |   |   |
| Interest                    and fees on loans                           |   | $                                         | 199,979  |                                    | $      | 317,331 |   |
| Interest                    and dividends on securities:                |   |                                      |     |                                    |   |   |   |
| Taxable                    income                                       |   |                                      | 18,247   |                                    |   | 41,838 |   |
| Income                    on federal funds sold                         |   |                                      | 2,623    |                                    |   | 8,458 |   |
| Total                    interest and dividend income                   |   |                                      | 220,849  |                                    |   | 367,627 |   |
|                                                                    |   |                                      |     |                                    |   |   |   |
| **Interest                    Expense:**                                |   |                                      |     |                                    |   |   |   |
| Deposits                                                                |   |                                      | 47,982   |                                    |   | 79,787 |   |
| Other                    borrowed funds                                 |   |                                      | 7,013    |                                    |   | 7,101 |   |
| Total                    interest expense                               |   |                                      | 54,995   |                                    |   | 86,888 |   |
|                                                                    |   |                                      |     |                                    |   |   |   |
| Net                    interest income before provision for loan losses |   |                                      | 165,854  |                                    |   | 280,739 |   |
| Less                    - provision for loan losses                     |   |                                      | 44,110   |                                    |   | 93,118 |   |
| Net                    interest income after provision for loan losses  |   |                                      | 209,964  |                                    |   | 187,621 |   |
|                                                                    |   |                                      |     |                                    |   |   |   |
| **Noninterest                    Income:**                              |   |                                      |     |                                    |   |   |   |
| Service                    charges on deposit accounts                  |   |                                      | 1,366    |                                    |   | 2,516 |   |
| Other                    service charges, commissions and fees          |   |                                      | 223      |                                    |   | 505 |   |
| Other                    income                                         |   |                                      | 7,890    |                                    |   | 13,724 |   |
| Total                    noninterest income                             |   |                                      | 9,479    |                                    |   | 16,745 |   |
|                                                                    |   |                                      |     |                                    |   |   |   |
| **Noninterest                    Expense:**                             |   |                                      |     |                                    |   |   |   |
| Salaries                                                                |   |                                      | 117,291  |                                    |   | 231,139 |   |
| Employee                    benefits                                    |   |                                      | 33,158   |                                    |   | 63,341 |   |
| Net                    occupancy expense                                |   |                                      | 18,128   |                                    |   | 31,144 |   |
| Equipment                    rental and depreciation of equipment       |   |                                      | 32,435   |                                    |   | 60,875 |   |
| Other                    expenses                                       |   |                                      | 79,918   |                                    |   | 156,621 |   |
| Total                    noninterest expense                            |   |                                      | 280,930  |                                    |   | 543,120 |   |
|                                                                    |   |                                      |     |                                    |   |   |   |
| **Loss                    Before Income Taxes**                         |   |                                      | (149,707 | )                                       |   | (338,754 | ) |
| Provision                    for income taxes                           |   |                                      | -        |                                    |   | - |   |
| **Net                    Loss**                                         |   | $                                         | (149,707 | )                                       | $      | (338,754 | ) |
|                                                                    |   |                                      |     |                                    |   |   |   |
| **Loss                    per share:**                                  |   |                                      |     |                                    |   |   |   |
| Basic                                                                   |   | $                                         | (0.24    | )                                       | $      | (0.54 | ) |
| Diluted                                                                 |   | $                                         | (0.24    | )                                       | $      | (0.54 | ) |

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Table            of Contents

***FLINT              RIVER BANCSHARES, INC. AND              SUBSIDIARY***

**CONSOLIDATED              STATEMENT OF CASH FLOWS**

**FOR              THE SIX MONTHS ENDED JUNE 30, 2005**

**(UNAUDITED)**

----

| **Cash                    Flows from Operating Activities:**                                                      |   |   |       |   |
|-------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|
| Net                    loss                                                                                       |   | $      | (338,754   | )      |
| Adjustments                    to reconcile net loss to net cash used in operating                    activities: |   |   |       |   |
| Provision                    for loan losses                                                                      |   |   | 93,118     |   |
| Depreciation                                                                                                      |   |   | 44,131     |   |
| Changes                    in accrued income and other assets                                                     |   |   | (73,591    | )      |
| Changes                    in accrued expenses and other liabilities                                              |   |   | (133,060   | )      |
| Net                    cash used in operating activities                                                          |   |   | (408,156   | )      |
|                                                                                                              |   |   |       |   |
| **Cash                    Flows from Investing Activities:**                                                      |   |   |       |   |
| Net                    change in loans to customers                                                               |   |   | (6,338,670 | )      |
| Proceeds                    from paydowns of available for sale securities                                        |   |   | 147,617    |   |
| Purchase                    of Federal Home Loan Bank stock                                                       |   |   | (64,200    | )      |
| Property                    and equipment expenditures                                                            |   |   | (54,320    | )      |
| Net                    cash used in investing activities                                                          |   |   | (6,309,573 | )      |
|                                                                                                              |   |   |       |   |
| **Cash                    Flows from Financing Activities:**                                                      |   |   |       |   |
| Net                    change in deposits                                                                         |   |   | 6,611,827  |   |
| Proceeds                    from Federal Home Loan Bank borrowings                                                |   |   | 1,000,000  |   |
| Proceeds                    from federal funds purchased                                                          |   |   | -          |   |
| Net                    cash provided by financing activities                                                      |   |   | 7,611,827  |   |
|                                                                                                              |   |   |       |   |
| **Net                    Decrease in Cash and Cash Equivalents**                                                  |   |   | 894,098    |   |
| **Cash                    and Cash Equivalents, Beginning of Year**                                               |   |   | 854,027    |   |
| **Cash                    and Cash Equivalents, End of Year**                                                     |   | $      | 1,748,125  |   |

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Table            of Contents

**FLINT              RIVER BANCSHARES, INC. AND SUBSIDIARY**

**NOTES              TO CONSOLIDATED FINANCIAL STATEMENTS**

**(UNAUDITED)**

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| **(1)** | **Basis                  of Presentation** |
|---------|--------------------------------------------|

| **(2)** | **New                  and Pending Pronouncements** |
|---------|-----------------------------------------------------|

| **(3)** | **Other                  Comprehensive Loss** |
|---------|-----------------------------------------------|

| Accumulated                    other comprehensive loss at December 31, 2004                                                                                   |   | $      | (9,717  | )      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
| Other                    Comprehensive loss, net of tax:                                                                                                       |   |   |    |   |
| Change                    in unrealized loss on securities available for sale net of deferred                    income                    tax expense of $-0- |   |   | (14,177 | )      |
| Less-                    Reclassification adjustment for gains realized in net                    income                                                       |   |   | -       |   |
| Accumulated                    over comprehensive loss at June 30, 2005                                                                                        |   | $      | (23,894 | )      |

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Table              of Contents

***FLINT                RIVER BANCSHARES, INC.***

***Item                2 - Management’s Discussion and Analysis***

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Table            of Contents

***FLINT            RIVER BANCSHARES, INC.***

***Item            2 - Management’s Discussion and Analysis***

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Table              of Contents

***FLINT                  RIVER BANCSHARES, INC.***

***Item                  3 - Controls and Procedures***

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Table              of Contents

***FLINT                  RIVER BANCSHARES, INC.***

***Part                  II - Other Information***

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| Item                  1. | Legal                  Proceedings |
|--------------------------|------------------------------------|

| Item                  2. | Unregistered                  Sales of Equity Securities and Use of                  Proceeds |
|--------------------------|-----------------------------------------------------------------------------------------------|

| Item                  3. | Defaults                  Upon Senior                  Securities |
|--------------------------|-------------------------------------------------------------------|

| Item                  4. | Submission                  of Matters to a Vote of                  Security-Holders |
|--------------------------|---------------------------------------------------------------------------------------|

| For     | Against | Withheld |
|---------|---------|----------|
| 366,515 | 3,000   | 4,200    |
|    |    |     |

|                                                            | For     | Against | Withheld |
|-----------------------------------------------------------------|---------|---------|----------|
|                                                            |    |    |     |
| ***Class                  I Directors - Term Expiring 2006***   |    |    |     |
| Taylor                  D. Bankston                             | 373,715 | 0       | 0        |
| Robert                  L. Bostick                              | 373,715 | 0       | 0        |
| Joe                  Bostick, Jr                                | 373,715 | 0       | 0        |
| Mark                  W. Briggs                                 | 373,715 | 0       | 0        |
| Michael                  G. Briggs                              | 373,715 | 0       | 0        |
|                                                            |    |    |     |
| ***Class                  II Directors - Term Expiring 2007***  |    |    |     |
| Brent                  W. Collins                               | 373,715 | 0       | 0        |
| Robert                  W. Hutson, III                          | 373,715 | 0       | 0        |
| Phyllis                  P. Hydrick                             | 373,715 | 0       | 0        |
| Charles                  M. Jones, III                          | 373,715 | 0       | 0        |
| W.                  Jerry Kennedy                               | 373,715 | 0       | 0        |
|                                                            |    |    |     |
| ***Class                  III Directors - Term Expiring 2008*** |    |    |     |
| Gerald                  E. Lewis                                | 373,715 | 0       | 0        |
| Tom                  S. Pinson, Sr.                             | 373,715 | 0       | 0        |
| Lee                  Williams                                   | 373,715 | 0       | 0        |
| Lawrence                  B. Willson                            | 373,715 | 0       | 0        |

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Table            of Contents

***FLINT              RIVER BANCSHARES, INC.***

***Part              II - Other Information***

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| Item                    5. | Other                    Information |
|----------------------------|--------------------------------------|

| Item                  6. | Exhibits |
|--------------------------|----------|

|   | Exhibit                    31.1 |   | Certification                    of the Chief Executive Officer, Pursuant to Rule 15d-14(a) under                    the                    Securities Exchange Act of 1934, as amended. |
|--------|---------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                            |   |                                                                                                                                                                                     |
|   | Exhibit                    31.2 |   | Certification                    of the Chief Financial Officer, Pursuant to Rule 15d-14(a) under                    the                    Securities Exchange Act of 1934, as amended. |
|   |                            |   |                                                                                                                                                                                     |
|   | Exhibit                    32.1 |   | Certification                    of the Chief Executive Officer, Pursuant to 18 U.S.C. Section                    1350.                                                                  |
|   |                            |   |                                                                                                                                                                                     |
|   | Exhibit                    32.2 |   | Certification                    of the Chief Financial Officer, Pursuant to 18 U.S.C. Section                    1350.                                                                  |

**SIGNATURES**

**Flint        River Bancshares, Inc.**

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